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Global service robotics market size was USD 11.25 billion in 2018 and is projected to reach USD 46.13 billion by 2026, exhibiting a CAGR of 19.4% during the forecast period.

Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Service Robotics market.

Trusted Business Insights presents an updated and Latest Study on Service Robotics Market 2019-2029. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Service Robotics market during the forecast period (2019-2029).
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

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The global service robotics market size was USD 11.25 billion in 2018 and is projected to reach USD 46.13 billion by 2026, exhibiting a CAGR of 19.4% during the forecast period.

We have updated Service Robotics Market with respect to COVID-19 Impact.
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Service robots are operated semi or fully autonomously to perform services that help to complete the tasks of humans and equipment, excluding the manufacturing operations. Moreover, the robust growth of the service robots market is driven by automation and robotics industry, which has created a revolutionary impact across all the industrial sectors. The service robotics industry has been influenced by the recent advancements incorporated in mobility that enable robots to localize in a two-dimensional map of the world.

In the current scenario, there are small & mid-sized companies across the United States, Japan, Korea, China etc. that are anticipated to adopt explicit efforts to increase their service robot market share. These efforts include heavy investments in R&D, mergers and acquisitions, advanced marketing strategies, etc. Of great importance to this market is the collaboration and coordination that is being observed within the academia, industry, and the government, which is ultimately enhancing the service robots market demand. For instance, in September 2019, students from India initiated development of robots that can help society during crucial incidents such as house fire.
In contrast with industrial robotics, the service robotics market is evenly divided across the globe. It is being observed that the industrial robots are not acquainted with the control, sensing, and the decision making capabilities that are required in 3D and unstructured environments. Reliability, cost-effective force sensing for assembly is still a tedious job for industrial robots. In such a scenario, service robots have created a foothold impact in the advancements of mobility that can overcome the challenges of the industrial robots.

MARKET DRIVERS

Maturity in Robotic Technology is Creating a Remarkable Impact on the Market
Robotics industry is rapidly stimulating the service robotics market trends, owing to the fast-paced technological advancements converging in automation, engineering, artificial intelligence, and machine learning. The outcomes of the introduction of robots has resulted in the transformation of humans task-performing capacity. According to the International Federation of Robotics (IFR), it is being estimated that the number of robots have been increased three-folds over the past two decades. Additionally, the trends introduced in robotics projects the global stock of robots to multiply faster in the next twenty years.
Furthermore, the implications of the growth of robotics will propel the productivity and the economic expansion of the developing countries. Apart from this, in the poor and underdeveloped economies where there is a lack of skilled labor, service robots can create tremendous opportunities across the industrial sectors in these countries.
However, this era of automation and robotics have represented significant opportunities across the residential and industrial sectors. The adoption of robotics has matured to a point where these devices can safely be deployed among laborers in such a way that can create a value addition to the overall operation.

SEGMENTATION
By Type Analysis

Professional Robots Anticipated to Grow at a Higher CAGR During the Forecast Period

By type, the service robot market is bifurcated in to professional and personal robots.  Among them, professional robots hold a larger share and are expected to grow at an exponential growth rate over the forecast period. This is mainly due to the demand for services robots across industries such as medical, defense, logistics, construction, etc. Apart from this, the adoption of mobility and automation across the industrial sectors is also creating a remarkable impact on the service robotics market share.
Growth of this segment is further enhanced due to the rising labor costs, increasing investments in research and development, lack of skilled labor, and the growing awareness regarding the service robots and industrial automation.
The personal robots segment growth is expected to grow significantly across residential sector. These robots are usually used to assist and educate individuals in home settings. Besides that, personal robots are useful for vacuuming, floor cleaning, lawn-mowing and pool cleaning, and are also used for entertainment. These type of robots have a higher potential across the American, European, and the ASEAN region over the forecast period; but currently, the demand is limited, owing to its operability and battery capacity.

By Application Analysis

Industrial/Commercial Sector is Anticipated to Exhibit the Highest Market Share During the Forecast Period
By application, the market is segmented into domestic and industrial & commercial. Industrial & commercial sector is expected to establish their supremacy over the forecast period and is also projected to grow exponentially over the forecast period. The industrial and commercial application is further divided into transportation & logistics, defense, medical, construction & demolition, unmanned vehicles, agriculture & forestry, and others which include public relations, retail etc. Among these, the logistics sector holds the highest share, owing to the automation introduced in the process of moving and storing goods. Also, the logistics industry is witnessing rising demand of these service robots in order to streamline the supply chain processes across industries.

Medical application of the service robots include robot-assisted surgeries or therapies and rehabilitation systems. Service robots are also expected to have significant growth rate across the defense sector.  Service robots are generally used to enhance the soldiers existing capabilities by protecting her from harm. Apart from these, construction & demolition, unmanned vehicles, agriculture &forestry have also been anticipated to grow at a steady growth over the forecast period.
Domestic sector is anticipated to hold a significant share across the residential sector owing to the growth of the personal service robots that are used for the well-being of humans.

REGIONAL ANALYSIS

The service robotics market growth is influenced by the revenue generated across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Europe predominantly leads the global service robotics market share, mainly owing to the high demand for professional and personal robots across the European countries. According to the International Federation of Robotics, Europe had the largest presence of manufacturers at around 44% due to the increasing demand in logistics, defense, medical, retail etc. Germany, Italy, UK, and France are projected to grow significantly over the forecast period in this market.

Following Europe, Asia Pacific held the second-highest share and also is projected to grow at the highest CAGR till 2026. This is mainly due to research and development across industrial sectors and rising government investments in automation, robotics, artificial intelligence, and other technologies. China, Japan, South Korea, and India are anticipated to be the main reason for this region exhibiting the highest growth rate. Globalization, industrialization, and demand of the automation due to the growing standard of living of the individuals across the developing countries such as China and India will further propel the service robot market in the region.
Europe Service Robotics Market Size, 2018 (USD Billion)

Almost 35% manufacturers of service robots are present in North America, which have ultimately rose the potential growth of the region. The Middle East & Africa and Latin America are expected to slowly grow their footprints towards the service robotics industry, this is mainly due to the moderate technological growth across these regions.

INDUSTRY KEY PLAYERS

Start-ups and Mid-Sized Companies to Enhance Market Potential
It has been observed that startup companies are gaining traction in the service robotics market, according to the service robotics market forecast. Start-ups hold approximately hold 25% of the market share. Moreover, large and prominent companies are strategizing their business by acquiring these start-up companies in order to expand their product offering and reach out to maximum customers.
Apart from this, partnerships, new product launches, and adoption of latest technology are the major strategies adopted by prominent and emerging players across the globe.

List of Key Companies Profiled:

  • Lely International
  • Aethon Inc.
  • Honda Motor Co. Ltd.
  • KUKA AG
  • Northrop Grumman Corporation
  • iRobot Corporation
  • Kongsberg Maritime AS
  • Intuitive Surgical, Inc.
  • Parrot SA
  • DJI

REPORT COVERAGE

The report presents a comprehensive assessment of the global service robotics market by offering valuable insights, facts, industry-related information, and historical data. Several methodologies and approaches are adopted to make meaningful assumptions and views. Furthermore, the report offers a detailed analysis and information as per market segments, helping our readers to get a comprehensive overview of the market.

Report Scope & Segmentation

Segmentation

By Type

  • Professional Robots
  • Personal Robots

By Application

  • Domestic
  • Industrial/ Commercial
  • Transportation & Logistics
  • Medical
  • Defense
  • Construction & Demolition
  • Unmanned Vehicles
  • Agriculture & Forestry
  • Others (Retail, Public Relations etc.)

By Region

  • North America (the U.S. and Canada)
  • Europe (U.K., Germany, France, and the Rest of Europe)
  • Asia Pacific (Japan, China, India, Southeast Asia, and the Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and the Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)

INDUSTRY DEVELOPMENT:

November 2019:  The first cargo-carrying robot was launched and marketed. Major companies such as Amazon, FedEx and Ford have already been experimenting with sending delivery robots to doorsteps.

November 2019: Modern railway coach factory is establishing new dimensions in the field of modernity i.e. a humanoid robot Sona-1.5. This humanoid robot is made in India and is used to transport documents from one place to another in the modern railway coach factory.

 

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Service Robotics Market Study Report (2020-2026), Competitive Analysis, Proposal Strategy, Potential Targets, Assessment And Recommendations | DataIntelo

The Global Service Robotics Market analysis report published on Dataintelo.com is a detailed study of market size, share and dynamics covered in XX pages and is an illustrative sample demonstrating market trends. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It covers the entire market with an in-depth study on revenue growth and profitability. The report also delivers on key players along with strategic standpoint pertaining to price and promotion.

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The Global Service Robotics Market report entails a comprehensive database on future market estimation based on historical data analysis. It enables the clients with quantified data for current market perusal. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and regional analysis. Listed out are key players, major collaborations, merger & acquisitions along with upcoming and trending innovation. Business policies are reviewed from the techno-commercial perspective demonstrating better results. The report contains granular information & analysis pertaining to the Global Service Robotics Market size, share, growth, trends, segment and forecasts from 2020-2026.

With an all-round approach for data accumulation, the market scenarios comprise major players, cost and pricing operating in the specific geography/ies. Statistical surveying used are SWOT analysis, PESTLE analysis, predictive analysis, and real-time analytics. Graphs are clearly used to support the data format for clear understanding of facts and figures.

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Primary research, interviews, news sources and information booths have made the report precise having valuable data. Secondary research techniques add more in clear and concise understanding with regards to placing of data in the report.

The report segments the Global Service Robotics Market as:
Global Service Robotics Market Size & Share, by Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Global Service Robotics Market Size & Share, by Products
Personal Service Robotics
Professional Service Robotics

Global Service Robotics Market Size & Share, Applications
Household Robots
Education/Entertainment Robots
Nursing/Rehabilitation Robots
Medical Robots
Agriculture, Forestry, Livestock Farming and Fisheries Robots
Logistic Robots
Others

Key Players
Intuitive Surgical
iRobot Corporation
Dyson
Neato Robotics
Sharp
Toshiba
Panasonic
Kuka

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Service Robotics Market 2019 | Excellent Scope Global Growth Witnessed for the Years to Come

Polaris Market Research published its latest findings in a new study on service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026

The study provides in-depth analysis on different factors such as industry growth potential, market drivers, restraints and challenges. The study also focuses on different market dynamics which are expected to affect the market. The value-chain analysis in the report helps in understanding the overall market from both supply side and demand side.

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The study includes major players in the Service robotics market such as Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime.

The study evaluates the overall Service robotics market by the following segments:

Service Robotics Type Outlook (Revenue, USD Billion, 2015 – 2026)

  • Professional Service Robotics
  • Personal Service Robotics

Service Robotics Component Outlook (Revenue, USD Billion, 2015 – 2026)

  • Hardware
  • Software
  • Services

Service Robotics Environment Outlook (Revenue, USD Billion, 2015 – 2026)

  • Ground Based
  • Aerial
  • Marine

Service Robotics End User Outlook (Revenue, USD Billion, 2015 – 2026)

  • Healthcare
  • Agriculture
  • Construction
  • Defense
  • Logistics and Transportation
  • Domestic
  • Entertainment
  • Others

Service Robotics Regional Outlook (Revenue, USD Billion, 2015 – 2026)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

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Key Takeaways of the report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward-looking perspective on different factors driving or restraining market growth
  • It provides a eight-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key market segments and their future
  • It provides in-depth analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

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Service Robotics Market Is Set For A Rapid Growth And Is Expected To Reach Usd Billion By 2027: Irobot (Us), Softbank Robotics (Japan), Intuitive Surgical Inc (Us), Delaval International Ab

A new research study has been presented by Precision Market Reports (PMR) after a comprehensive analysis on SERVICE ROBOTICS Market where user can get benefits from the complete market research report with all required useful information on market. Report discuss all major market aspects with expert opinion on current market status along with historic data as well. Detailed study Price, Share, Size & Growth, Latest News & Developments, Expansion Plan, Current Business Strategy, Top Companies, Sales, Revenue & Competitors Analysis, Production and Consumption, Demand & Supply, Industry and Business Study, Effect of Covid 19 (Buyers & Sellers) and Prediction 2020-2025.

Regions Covered in the SERVICE ROBOTICS Market:

  • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
  • North America (United States, Mexico & Canada)
  • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
  • Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
  • Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

 

Covid-19 Scenario:

  • In the midst of the lockdown, several major market players stopped the production of various products.
  • Through the COVID-19 pandemic, various end-users of products such as industrial manufacturing units and construction industry and so on around the globe stopped their operation in the middle of the lockdown.
  • During the COVID-19 pandemic outbreak, revenue generated segment is likely to increase as daily wage workers such as carpenters, plumbers and electricians were exempted from work during the lockdown.

TOP PLAYERS:

Competitors Analysis includes market shares for all the companies listed below, Competitors Analysis revenue chart, Competitive Dashboard, and the competitors’ latest strategies for overcoming the Covid 19 pandemic situation.

 

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SEGMENTAL ANALYSIS:                                                                     

Each segment is assessed on the basis of its growth rate and share. In addition, the analysts have studied potential regions that may prove rewarding to the SERVICE ROBOTICS market in the years to come. The geographical research provides accurate value and volume forecasts, thereby helping market players gain profound insights into the SERVICE ROBOTICS market as a whole.
On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into:
Key Players:

iRobot (US), SoftBank Robotics (Japan), Intuitive Surgical Inc (US), DeLaval International AB (Sweden), Daifuku (Japan), Cyberdyne (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), KUKA Swisslog (Germany), Lely (Netherlands), ECA Group (France), 3DR (US), Stryker Corporation (US), Harvest Croo (US), Starship Technologies (US), Parrot SA (France), General Electric (US), Amazon Robotics (US), ecoRobotix (Switzerland), GRAAL (Italy), PrecisionHawk (US), Hanson Robotics (China), and UBTECH Robotics (China).

Segmentation:

Service Robotics by Type:

  • Domestic
  • Professional

Service Robotics by Components:

  • Hardware (Airframes, Sensors, Caneras, Actuators, Power Supply, Control Systems, Navigation Systems, Propulsion Systems, and Others)
  • Software

Service Robotics by Applications:

  • Professional Applications
    • Healthcare
      • Surgical Robots
      • Rehabilitation Robots
      • Hospital and Pharmacy Robots
      • Others (Diagnostic Robots, Emergency Response Robotic Systems, Prosthetics/Exoskeletons)
    • Defense, Rescue, and Security
      • Unmanned Aerial Vehicles (UAV)
      • Unmanned Ground Vehicles (UGV)
      • Firefighting and Disaster Management Robots
      • Others (Professional Surveillance/Security Robots, Demining Robots)
    • Logistics
      • Factory Logistics Robots
      • Outdoor Logistics Robots
      • Others (Cargo Handling Robots, Mail Sorting Robots)
    • Construction
      • Excavator Robots
      • Bulldozer Robots
      • Demolition Robots
      • Others (Welding Robots, Material Handling Robots)
    • Field
      • Agriculture Robots
      • Forestry Robots
      • Milking Robots
      • Others (Mining Systems, Space Robots)
    • Others
      • Professional Cleaning Robots
      • Inspection and Maintenance Systems
      • Others (Underwater Systems, Hotel and Restaurant Robots)
  • Personal Service Robotics
    • Domestic
      • Cleaning Robots
      • Assistive Robots
      • Others (Lawn-Mowing Robots, Home Security & Surveillance Robots)
    • Entertainment and Leisure
      • Toy Robots
      • Education & Research Robots
      • Others (Robotic Companion Pets and Multimedia Robots)

Service Robotics by End-User:

  • Automotive
  • Transportation
  • Healthcare
  • Construction
  • Defense
  • Media & Entertainment
  • Security
  • Supply and Logistics
  • Agriculture
  • Others

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What Reports Provides:

  1. Comprehensive analysis of product demand on global as well as regional markets.
  2. Draw up information on major market trends, drivers, obstacles and other related challenges.
  3. A detailed review of many vendors present on the market.
  4. Competitive world consisting of launches, mergers, acquisitions, partnerships and joint projects with new products.
  5. Complete coverage of all product and market segments for pattern evaluation, global market innovation, and market size forecast up to 2025.
  6. Comprehensive review of the companies which operate for the products on the global market. The company’s profile involves analysis of the product portfolio, sales analysis, SWOT analysis and the latest developments in the sector.
  7. Growth Matrix offers brand segment and geography analysis that will be focused on investing, consolidating, and growing and/or diversifying market players.
  • Comprehensive parent market analysis
  • Major changes in dynamics of the market
  • Details of market segmentation
  • Former, current and expected study of size and price of the industry
  • Evaluation of innovations in the niche industry
  • Analysis of market share
  • Major Player’s main strategies
  • Segment emerging and regional markets
  • Testimonials for companies to improve their market presence.
  • That’s right. For classify and estimate tangible business factors, both Bottom-Up and Top-Down methods are analyzed.
  • In addition, the results of the study were based on face-to-face or telephone interviews with the Industry Expert Panel.
  • In order to validate a detailed and balanced industry analysis, panelists were approached from Leading Industries across the value chain including producers, distributors, service providers, business experts and consumers.

Table of Contents:
Chapter 1. Executive Summary 

2.1. Market Outlook

2.2. Segment Outlook

 

Chapter 2. Methodology and Scope 

1.1. Market segmentation & scope

1.2. Market definition

1.3. Information procurement

1.3.1. Purchased database

1.3.2. PMR internal database

1.3.3. Secondary sources & third-party perspectives

1.3.4. Primary research

1.4. Information analysis

1.4.1. Data analysis models

1.5. Market formulation & data visualization

1.6. Data validation & publishing

 

Chapter 3.  SERVICE ROBOTICS Market Variables, Trends & Scope 

3.1. Outlook for the market

3.1.1. Market perspective for parents / related / adjacent

3.2. Mapping of prospects for entry & growth

3.3. SERVICE ROBOTICS Market – Value Chain Analysis

3.4. Market Dynamics

3.4.1. Market Driver Analysis

3.4.2. Market Restraint Analysis

3.5. SERVICE ROBOTICS Market Analysis Tools

3.5.1. Industry Analysis – Porter’s

3.5.2. PEST Analysis

3.6. SERVICE ROBOTICS Market – Competitive Analysis

3.6.1. Key Company Analysis, 2020

3.6.2. Major Deals & Strategic Alliances Outlook

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The report offers the restraints that help to tackle the obstacles for the businesses for a tremendous growth. Through this report, consumers can easily get views on SERVICE ROBOTICS Market based on the current scenario.

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Service Robotics Market Will Reflect Significant Growth Prospects of US$ Mn during 2020-2025

Latest Research Report: Service Robotics industry

Service Robotics Market report is to provide accurate and strategic analysis of the Profile Projectors industry. The report closely examines each segment and its sub-segment futures before looking at the 360-degree view of the market mentioned above. Market forecasts will provide deep insight into industry parameters by accessing growth, consumption, upcoming market trends and various price fluctuations.

A robot is an actuated mechanism programmable in two or more axes with a degree of autonomy, moving within its environment, to perform intended tasks. Autonomy in this context means the ability to perform intended tasks based on current state and sensing, without human intervention.
A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application.

In 2017, Europe led the service robotics market, followed by North America and Asia-Pacific. The U.K held the largest share of the European service robotics market, followed by Germany and France.

Service Robotics Market competition by top manufacturers as follow: , Intuitive Surgical, iRobot Corporation, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, Kuka

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Global Service Robotics Market research reports growth rates and market value based on market dynamics, growth factors. Complete knowledge is based on the latest innovations in the industry, opportunities and trends. In addition to SWOT analysis by key suppliers, the report contains a comprehensive market analysis and major player’s landscape.
The Type Coverage in the Market are:
Personal Service Robotics
Professional Service Robotics

Market Segment by Applications, covers:
Household Robots
Education/Entertainment Robots
Nursing/Rehabilitation Robots
Medical Robots
Agriculture, Forestry, Livestock Farming and Fisheries Robots
Logistic Robots
Others

Market segment by Regions/Countries, this report covers
North America
Europe
China
Rest of Asia Pacific
Central & South America
Middle East & Africa

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Important Features of the report:

  • Detailed analysis of the Service Robotics market
  • Fluctuating market dynamics of the industry
  • Detailed market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape of the market
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Reasons for buying this report:

  • It offers an analysis of changing competitive scenario.
  • For making informed decisions in the businesses, it offers analytical data with strategic planning methodologies.
  • It offers a seven-year assessment of the Global Service Robotics
  • It helps in understanding the major key product segments.
  • Researchers throw light on the dynamics of the market such as drivers, restraints, trends, and opportunities.
  • It offers the regional analysis of the Global Service Robotics Market along with the business profiles of several stakeholders.
  • It offers massive data about trending factors that will influence the progress of the Global Service Robotics

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Service Robotics Market 2019 | Excellent Scope Global Growth Witnessed for the Years to Come

Polaris Market Research published its latest findings in a new study on service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026

The study provides in-depth analysis on different factors such as industry growth potential, market drivers, restraints and challenges. The study also focuses on different market dynamics which are expected to affect the market. The value-chain analysis in the report helps in understanding the overall market from both supply side and demand side.

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The study includes major players in the Service robotics market such as Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime.

The study evaluates the overall Service robotics market by the following segments:

Service Robotics Type Outlook (Revenue, USD Billion, 2015 – 2026)

  • Professional Service Robotics
  • Personal Service Robotics

Service Robotics Component Outlook (Revenue, USD Billion, 2015 – 2026)

  • Hardware
  • Software
  • Services

Service Robotics Environment Outlook (Revenue, USD Billion, 2015 – 2026)

  • Ground Based
  • Aerial
  • Marine

Service Robotics End User Outlook (Revenue, USD Billion, 2015 – 2026)

  • Healthcare
  • Agriculture
  • Construction
  • Defense
  • Logistics and Transportation
  • Domestic
  • Entertainment
  • Others

Service Robotics Regional Outlook (Revenue, USD Billion, 2015 – 2026)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Korea
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

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Key Takeaways of the report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward-looking perspective on different factors driving or restraining market growth
  • It provides a eight-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key market segments and their future
  • It provides in-depth analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

 Contact Us

Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected]

Web: www.polarismarketresearch.com

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Analysis Forecast Market Reports

Service Robotics Market Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis to 2026

 The Global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

Request for sample copy of this report @https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-sample

 Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.

Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.

Request for Discount on This Report @https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-discount-pricing

The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world

Contact us

Mr. Likhil

Corporate Sales, USA

Polaris Market Research

Phone: 1-646-568-9980

Email: [email protected]

Web: www.polarismarketresearch.com

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Analysis Forecast Market Reports Market Size Market Study News

Service Robotics Market Share, Technological Advancement andGrowth Analysis with Forecast to 2026

The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-sample

Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.

Get Special Discount On this Research Report @ https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-discount-pricing

Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.

Have Questions? Speak to our Industry Expert @  https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/speak-to-analyst

The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

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 About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact Us:

Polaris Market Research

Phone: 1–646–568–9980

Email: [email protected]

Web: www.polarismarketresearch.com

 

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Market Reports News

Global Service Robotics Market 2019 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025

The Global Service Robotics Market analysis report published on Upmarketresearch.com is a detailed study of market size, share and dynamics covered in XX pages and is an illustrative sample demonstrating market trends. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It covers the entire market with an in-depth study on revenue growth and profitability. The report also delivers on key players along with strategic standpoint pertaining to price and promotion.

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The Global Service Robotics Market report entails a comprehensive database on future market estimation based on historical data analysis. It enables the clients with quantified data for current market perusal. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and regional analysis. Listed out are key players, major collaborations, merger & acquisitions along with upcoming and trending innovation. Business policies are reviewed from the techno-commercial perspective demonstrating better results. The report contains granular information & analysis pertaining to the Global Service Robotics Market size, share, growth, trends, segment and forecasts from 2020-2026.

With an all-round approach for data accumulation, the market scenarios comprise major players, cost and pricing operating in the specific geography/ies. Statistical surveying used are SWOT analysis, PESTLE analysis, predictive analysis, and real-time analytics. Graphs are clearly used to support the data format for clear understanding of facts and figures.

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Primary research, interviews, news sources and information booths have made the report precise having valuable data. Secondary research techniques add more in clear and concise understanding with regards to placing of data in the report.

The report segments the Global Service Robotics Market as:
Global Service Robotics Market Size & Share, by Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Global Service Robotics Market Size & Share, by Products
Personal Service Robotics
Professional Service Robotics

Global Service Robotics Market Size & Share, Applications
Household Robots
Education/Entertainment Robots
Nursing/Rehabilitation Robots
Medical Robots
Agriculture Forestry Livestock Farming and Fisheries Robots
Logistic Robots
Others

Key Players
Intuitive Surgical
iRobot Corporation
Dyson
Neato Robotics
Sharp
Toshiba
Panasonic
Kuka

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UpMarketResearch offers attractive discounts on customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

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UpMarketResearch (https://www.upmarketresearch.com) is a leading distributor of market research report with more than 800+ global clients. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined – we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves.
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